To me the issue is not whether it is a home studio or not, but rather two things the setup and the skills needed to master the songs.

As far as setup what i mean is the space used. So many home recording folks use a small side bedroom or such to record in there is little or no sound treatment, and a ton of background noise. If you had a nice basement, or some kind or room that you could really setup them it could be very different. Take a solid custom build DAW workstation, place it in a cabinet where no fan noise leaks out use a better than sound blaster interface, and a few assorted devices like a decent preamp, reverb, compressor. A good set of mikes and you get a nice recording, add a well designed room with proper bass traps, and accoustic treatment, and the sound quality go way up. Add in a experienced master engineer and you have a very high end product.

The end result is that the quality of the home recording depends on the quality of the home studio and the man polishing it up.

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